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TECHNO ELECTRIC & ENGINEERING COMPANY
PB (Price/Book ) Ratio

The Current P/B Ratio of TECHNO ELECTRIC & ENGINEERING COMPANY is 5.14.

Share Price ₹922.3Apr 19,2024
Market Cap ₹9,923.4 Cr
Book Value₹1,930.2 CrMar2023 - Consolidated Results
Price/Book 5.14xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of TECHNO ELECTRIC & ENGINEERING COMPANY

Price-to-Book ratio, P/B Multiple, or P/B Ratio is an important valuation multiple that is defined as:

P/B = Market Capitalization / Book Value

or, using per-share numbers:

P/B = Stock Price / Book Value Per Share

Applying the above formula, P/B ratio of TECHNO ELECTRIC & ENGINEERING COMPANY is calculated as :

Current Market Cap [ ₹9,923.4 Cr] as on Apr 19,2024

(/) Book Value [ ₹1,930.2 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 5.14x ]

P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.

Thus, for TECHNO ELECTRIC & ENGINEERING COMPANY , the investors are currently willing to pay '5.14 times book value' to own 1 share of the company.

PB Multiples are one of the most widely used valuation multiple in industry.

Since P/B ratio uses Book Value in the calculation, P/B multiples are not always reliable for valuing companies with negative book value.

In such cases, you may consider using Price to Earnings ratio or Price to Sales ratio of TECHNO ELECTRIC & ENGINEERING COMPANY !

The chart below summarizes the trend in P/B Ratio of TECHNO ELECTRIC & ENGINEERING COMPANY over the last five years.

Historical PB (Price/Book ) ratio chart of TECHNO ELECTRIC & ENGINEERING COMPANY


PB Ratio Performance Analysis for TECHNO ELECTRIC & ENGINEERING COMPANY

- TECHNO ELECTRIC & ENGINEERING COMPANY 's latest p/b ratio is 5.14x.

- TECHNO ELECTRIC & ENGINEERING COMPANY 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.87x.

- TECHNO ELECTRIC & ENGINEERING COMPANY 's operated at median p/b ratio of 1.88x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TECHNO ELECTRIC & ENGINEERING COMPANY 's p/b ratio peaked in Mar2019 at 2.18x.

- TECHNO ELECTRIC & ENGINEERING COMPANY 's p/b ratio hit its five-year low in Mar2022 of 1.48x.


How does TECHNO ELECTRIC & ENGINEERING COMPANY 's P/B Ratio benchmark against top 10 peers in Engineering - Construction Industry?

Peer Comparison (Engineering - Construction Industry)Book ValuePB RatioMarket Cap
TECHNO ELECTRIC & ENGINEERING COMPANY 1,930.185.149,923.4
LARSEN & TOUBRO LTD88,858.905.44483,780.0
RAIL VIKAS NIGAM LTD7,325.107.3653,929.0
GMR AIRPORTS INFRASTRUCTURE LTD-792.78-61.3348,619.5
IRB INFRASTRUCTURE DEVELOPERS LTD13,378.902.9839,911.8
IRCON INTERNATIONAL LTD5,211.493.9220,428.0
KEC INTERNATIONAL LTD3,771.424.7517,901.1
KALPATARU PROJECTS INTERNATIONAL LTD4,720.624.1519,599.1
NCC LTD6,166.832.4715,228.4
GR INFRAPROJECTS LTD6,265.132.0312,738.3
STERLING AND WILSON RENEWABLE ENERGY LTD-232.13-56.3613,083.8

Engineering - Construction Industry Benchmark (Top 10) PB Analysis vs TECHNO ELECTRIC & ENGINEERING COMPANY 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -61.33x
Max industry PB 7.36x
Median industry PB 3.92x
Average industry PB -7.22x



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